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xxMikexx [17]
2 years ago
8

Stacey and her husband David have a joint savings account that earns 3.5% interest payable continuously and has a current balanc

e of $58,458. Each year, David wishes to withdraw $4,000 payable continuously at a level rate. Stacey wishes to deposit X at the beginning of each year (for thirty years) so that the account will last for thirty years. What is the least X that will work?

Business
1 answer:
FrozenT [24]2 years ago
5 0

Answer:

$837.82

Explanation:

Check attached file

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H.J. Heinz Company uses standards to control its materials costs. Assume that a batch of ketchup (7,650 pounds) has the followin
zysi [14]

Answer:

$0.6 per pounds

Explanation:

The computation of the standard unit materials cost per pound is shown below:-

Whole Tomatoes = 5,000 × $0.75

= $3,750

Vinegar = 350 × 0.90

= $315

Corn syrup = 40 × 7.50

= $300

Salt  = 125 × 1.80

= $225

Total cost = Whole Tomatoes + Vinegar + Corn syrup + Salt

= $3750 + $315 + $300 + $225

= $4,590

Standard Unit Materials cost per pound = Total cost ÷ ketchup pounds

= $4,590 ÷ 7,650 pounds

= $0.6 per pounds

8 0
2 years ago
In a Cournot duopoly, we find that Firm 1's reaction function is Q1 = 50 - 0.5Q2, and Firm 2's reaction function is Q2 = 75 - 0.
ElenaW [278]

Answer:

A) Q1 = 20 and Q2 = 60

Explanation:

Please find the attached file with the solution.

Download docx
4 0
2 years ago
You bought a stock six months ago for $80.82 per share. The stock paid no dividends. The current share price is $86.59. Required
creativ13 [48]

Answer:

APR = 14.28%

EAR = 14.7%

Explanation:

Stock price = $80.82

Current stock price = $86.59

The return will be as below since no dividend was stated

R = ($86.59 - $80.82) / 80.82

R = 0.0714

R = 7.14%

For six months, the return was 7.14%

Annual percentage yield (APR) = 2*(7.14%) = = 14.28%. Therefore, the value of APR = 14.28%

Effective Annual Return = [1 + (Annual Rate/ N )] ^N - 1

= [1 + (14.28% / 2]^2 - 1

= [1 + 0.071]^2 -1

= 1.147 - 1

= 0.147

= 14.7%

4 0
1 year ago
Jacob works as a researcher for a car showroom. He's going to collect data about consumers' changing preferences, Interests, and
Lostsunrise [7]

Answer:

Visits to competitors' locations

Explanation:

Analyzing the information obtained in the scenario of the question above, it is correct to state that Jacob plans to use the primary market research method of visits to competing locations.

This method consists of gathering essential data and information for his research collected directly in a place that can serve as a parameter as a real scenario, that is, when visiting competing places, Jacob will be able to achieve his goal of collecting information, which is to analyze through of a real situation as is the behavior of random consumers on their own and understand their reactions.

This method can be effective because it eliminates biased behaviors by research participants, so that it can identify a real consumption situation without any type of interference, and it can be ideal to identify patterns of behavior that help to identify data about changes in consumer preferences, interests and demands, which is the goal of your research.

3 0
2 years ago
Read 2 more answers
A newly issued bond has a coupon rate of 7 percent and semiannual interest payments. The bonds are currently priced at par. The
aleksandrvk [35]

Answer: 7.12%

Explanation:

Effective Annual Interest rate is the nominal interest rate adjusted for the number of compounding periods a financial product will experience in a period of time.

To calculate the Effective Annual Rate one can use the following formula,

Effective Rate of Interest = (1+r/m)^m - 1

where r is the rate and

M is the no of compounding periods per year which in this case would be 2 because the payments are semi annual

Plugging in figures would give us,

Effective Rate of Interest = (1+0.07/2)^2 - 1

=0.0712

= 7.12%

If you need any clarification do comment or react.

5 0
2 years ago
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